ZkSync Price on November 19, 2024
| ZK Crypto | USD 0.15 0.02 15.38% |
If you're considering investing in ZkSync Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of ZkSync stands at 0.15, as last reported on the 22nd of November, with the highest price reaching 0.15 and the lowest price hitting 0.15 during the day. ZkSync appears to be unusually volatile, given 3 months investment horizon. zkSync shows Sharpe Ratio of 0.11, which attests that digital coin had a 0.11% return per unit of risk over the last 3 months. By examining ZkSync's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize ZkSync's Market Risk Adjusted Performance of 1.1, mean deviation of 4.43, and Downside Deviation of 9.29 to validate if our risk estimates are consistent with your expectations.
ZkSync Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
ZkSync |
Sharpe Ratio = 0.1073
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Estimated Market Risk
| 6.27 actual daily | 55 55% of assets are less volatile |
Expected Return
| 0.67 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average ZkSync is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ZkSync by adding it to a well-diversified portfolio.
ZkSync Valuation on November 19, 2024
It is possible to determine the worth of ZkSync on a given historical date. On November 19, 2024 ZkSync was worth 0.14 at the beginning of the trading date compared to the closed value of 0.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ZkSync crypto coin. Still, in general, we apply an absolute valuation method to find ZkSync's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ZkSync where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ZkSync's related companies.
| Open | High | Low | Close | Volume | |
| 0.15 | 0.16 | 0.14 | 0.14 | 2,532,456 | |
11/19/2024 | 0.14 | 0.14 | 0.13 | 0.13 | 2,708,482 |
| 0.13 | 0.15 | 0.13 | 0.15 | 4,085,178 |
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ZkSync Trading Date Momentum on November 19, 2024
| On November 20 2024 zkSync was traded for 0.15 at the closing time. The highest daily price throughout the period was 0.15 and the lowest price was 0.13 . The daily volume was 4.1 M. The net trading volume on 11/20/2024 added to the next day price growth. The trading date delta to closing price of the next trading day was 15.38% . The trading date delta to current closing price is 15.38% . |
About ZkSync Crypto Coin history
ZkSync investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ZkSync is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in zkSync will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market.
ZkSync Crypto Coin Technical Analysis
ZkSync technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
Price Boundaries
ZkSync Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
zkSync cannot be verified against its exchange. Please verify the symbol is currently traded on CRYPTO Exchanges. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
ZkSync November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how ZkSync crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ZkSync shares will generate the highest return on investment.
ZkSync Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ZkSync's price direction in advance. Along with the technical and fundamental analysis of ZkSync Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of ZkSync to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.059 | |||
| Jensen Alpha | 0.3812 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0344 | |||
| Treynor Ratio | 1.09 |
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| Volume Indicators |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in zkSync. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.